Occupy Wall Street Protesters Arrested For Attempted Bank Account Closing – Citi Bank Oct 15
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Security locked Citibank customers inside as they arrested 23 #OccupyWallStreet protesters for attempting to close their bank accounts during a mass public action this afternoon. Watch the live stream as protesters march on Times Square at 3:00pm on Saturday.
The Wall Street Journal has confirmed the arrests. According to their report, 24 people were arrested. The protesters who tried to close their accounts were asked to leave by CitiBank and when they refused, they were arrested for trespassing. Some were arrested outside the bank for disorderly conduct and resisting arrest.
12:17 PMMeena HartensteinTo those of you hearing reports of a standoff and arrests at Chase Bank at Astor Place, our photographer on the scene says about 40 protesters talked about getting arrested and had a brief sit-in before getting up at the last second and avoiding arrest.
Occupy Movement News Update of the Day: Occupy Santa Cruz protesters who attempted to close their Bank of America accounts were denied service last week because, according to the branch manager, “you can not be a protester and a customer at the same time.”
Reached out for comment by Central Coast News, BoA spox Colleen Haggerty parroted this anti-protesting policy, saying “It is our responsibility to ensure a safe environment for customers to conduct financial transactions. So, due to the disruptive nature of protests lately and the potential for safety or security issues, we do not allow protesters inside of our banking centers.”
“If a customer who is participating in a protest wishes to conduct bank business,” she added, “we ask them to come back when they are not protesting or they may also conduct their bank business at a nearby branch away from protest activities.”
24 Occupy Wall Street demonstrators were arrested yesterday, reportedly while attempting to discontinue their relationship with Citibank.
In response to a video showing the protesters being forcefully locked inside the bank’s La Guardia Place branch to await arrest, Citi released a statement denying Occupy Wall Street’s version of the events.
“A large amount of protesters entered our branch at 555 La Guardia Place around 2:00 PM today [October 15],” said the company’s public affairs department. “They were very disruptive and refused to leave after being repeatedly asked, causing our staff to call 911. The Police asked the branch staff to close the branch until the protesters could be removed. Only one person asked to close an account and was accommodated.”
The statement goes on to note that none of the protesters was “arrested for closing an account,” and that locking the branch with the demonstrators inside was the NYPD’s idea.
In related news, at least 42 people were arrested at last night’s Take Times Square convergence, which was attended by thousands. Hundreds of protesters were arrested in solidarity demonstrations around the country, including as many as 175 people in Chicago’s Congress Plaza.
Some 1,600 cities worldwide held Global Change protests yesterday, joining a movement that will mark its one-month anniversary tomorrow.
Occupy Wall Street Oct 15 2011 arrests closing bank run citi bank protester attack pepper spray mace beat largest march kettled illegally 700 arrested brooklyn bridge 1st freedom of speech Chicago federal reserve new york city ny nyc Protesters vs riot police brutality fail clash times square
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This is the VOA Special English Economics Report , from http://voaspecialenglish.com | http://facebook.com/voalearningenglish
Today, retirement can mean different things. For many Americans, it means the end of the money-earning part of their life and the beginning of a period of enjoyment. But retirement calls for planning and savings.In many countries, employers may offer some kind of retirement savings plan. The plan could be linked to the company’s stock or to a managed investment service. Almost any financial planner will say workers should use these plans to save money easily: often directly from their wages. But an employer plan should not be your only way to save for retirement.Pete D’Arruda heads his own financial planning company and gives retirement advice on radio shows and television. He tells people to save whenever possible. But he says as retirement nears, you must take fewer financial risks. “There’s three stages of life there when we look at it. There’s the part where you’re earning money. And when you’re earning money, if you have a salary, it makes it easier to take risk because you know that if you lose the money you can go back and earn some more.” By risks, Pete D’Arruda means investing in stocks and other financial instruments that can lose value quickly. He says people should move money away from riskier investments as they age even if there is a possibility of a higher rate of return. Instead, investors nearing retirement should seek more secure investments for their savings. “But then we get to the transition phase when we’re within five years or so of retirement. I call it the financial red zone because now is the time when you need to protect what you have, you need to start transitioning away from the risk of Wall Street and into safe places that guarantee lifetime income.” Pete D’Arruda has a simple way of deciding how much of your retirement savings should be at risk. He says take your age and put a percentage after it. That is the percentage of your retirement savings that should be fully protected from losing value. So, for a sixty-five-year-old, “sixty-five percent of the money must be in a place that can’t lose it. The reason why is when you’re in retirement it’s impossible to get the money back that you lost because you don’t have a salary coming in.”One recent survey by the Charles Schwab company found that forty-four percent of baby boomers feel secure in their readiness for retirement. Baby boomers are the generation of Americans born after World War Two. For VOA Special English, I’m Alex Villarreal.(Adapted from a radio program broadcast 28Oct2011)
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This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish
Last week, we discussed limiting investment risk in retirement planning. So what are financial planners advising people to invest in? Stocks and bonds are the best known investments and are important to any savings plan. Instruments like savings accounts and certificates of deposit pay a small rate of interest. They carry little risk. Annuities are another savings instrument with low risk. Financial planner Pete D’Arruda says “Worldwide, people can put their money in annuities, which are basically savings accounts offered by insurance companies.” But he says it is important to make a decision about an annuity with a good financial planner. He warns that annuity agreements can be complex, and many bad ones are out there. Pete D’Arruda says good planning means placing money into financial securities and accounts that have different risk levels, using asset allocation. “So true asset allocation is having some in stocks, some in bonds, some in mutual funds, but then some in other places with guaranteed income and then safety and liquidity kind of accounts for emergencies.” This method of savings follows the old saying you should not “put all your eggs in one basket.” But that is not for everyone. Sande Taylor is with the investment company Charles Schwab in south Florida. She advises investors every day. She says many investors have a personal style. There are conservative investors. “A conservative investor by definition typically has eighty percent of their portfolio within fixed income markets and cash.” Even in retirement, Sande Taylor says, some people have their entire financial portfolio, or set of investments, in stocks. They are the aggressive investors. In saving for retirement, there can be a difference between what people believe and what they actually do. In a recent Charles Schwab study, most Americans said they believe it would be easier to save for retirement if they were single. But the study found that eighty-five percent of married people had started saving, while only two thirds of singles had. Sande Taylor says younger people may seek short term goals. “The younger individuals look at it and think, ‘Well retirement is so far away, I’d rather focus on my shorter term goals.’” But she says there are big gains to be made by starting early and planning for the future. For VOA Special English, I’m Carolyn Presutti.(Adapted from a radio program broadcast 04Nov2011)
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Check out this 2010 Toyota Yaris. Great savings and good things come in small packages: The Yaris was voted one of the best affordable small cars on the market. Not only does the Yaris come with a great price tag, but it comes with great performance, safety, and plenty of reliability. The Yaris will save you money with a 1.5 liter four cylinder engine that will offer you plenty of power and not drain your bank of gas money. Along with savings and power come plenty of amenities and safety features. So do yourself and your savings account a favor and take the Yaris for a test drive today! It would be hard to come up with better inter-urban transportation than the Toyota Yaris. -New Car Test Drive. Handles comfortable on the highway and is quite maneuverable in tight turns. – U.S. News. The above attributed reviews are independently created and the reviewing parties are not associated with the dealership. At Miller Toyota of Culver City we not only care about your safety, we care about your satisfaction. Our goal is to provide the highest quality buying experience to our customers. Every pre-owned vehicle in our inventory has been put through a thorough inspection along with a Carfax report which means peace of mind for you! Our top notch team of staff members have you in mind. If you have any questions or comments, feel free to call or e-mail any one of them and they will do their personal best to get you the answers you desire. Our staff takes pride in making sure you have a pleasant sales and service experience. Please call us for more information. The Special Internet Price is $13888. Contact the dealership today at (800)997-6024.
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Charlie Bean the Deputy Governor of the Bank of England spells out their strategy.
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Apparently the best way to spend 75billion pounds to get the country out of recession is to pay off a fraction of the debts of private banks.
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The tax payer paying off the debts of the banks is apparently better for the UK economy than paying all the monthly mortgage repayments in the UK for 9months.
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